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Income Protection
Home, Car, Salary ... Which do we insure?
Like most Canadians, you probably carry some form of home and car insurance. And, each year you spend hundreds of dollars insuring these items. But do you insure your most valuable asset - your income?
To see how valuable an asset your income is, fill in the chart below. Determine how much your major assets are worth, and how much you pay each year to insure them.
Our Online Disability Insurance Application
| Assets |
Worth |
Annual Insurance
Premium |
| Home |
. |
. |
| Car |
. |
. |
| Other Assets |
. |
. |
Potential Earnings
to Age 65 |
. |
. |
To determine your potential earnings to age 65, find your age and your monthly salary on the chart below. Assuming a 2% increase each year, these are your potential earnings up to age 65.
Current Monthly Income
| Age |
$2,000 |
$3,000 |
$4,000 |
$5,000 |
|
|
|
|
|
| 25 |
1,449,648 |
2,174,471 |
2,899,295 |
3,624,119 |
| 30 |
1,199,867 |
1,799,801 |
2,399,735 |
2,999,669 |
| 35 |
973,634 |
1,460,451 |
1,947,268 |
2,434,085 |
| 40 |
768,727 |
1,153,091 |
1,537,454 |
1,921,818 |
| 45 |
583,137 |
874,705 |
1,166,274 |
1,457,842 |
| 50 |
415,042 |
622,563 |
830,084 |
1,037,605 |
| 55 |
262,793 |
394,190 |
525,587 |
656,983 |
Now, look at the numbers you have filled in. If you are like most, you have protected your car and house. But, could you continue to pay for this protection without an income? How could you make your car and mortgage payments?
Since your income is your most valuable asset,
isn't it worth protecting?
Feel free to contact us with regard to any financial service, we would be delighted to help and answer your questions! Or, complete our Online Disability Insurance Application
Drew F.J. Hubbard
(905) 712-4668
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